We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why BlackRock (BLK) Fell More Than Broader Market
Read MoreHide Full Article
In the latest trading session, BlackRock (BLK - Free Report) closed at $826.77, marking a -0.83% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw an increase of 0.11%.
The investment firm's stock has climbed by 2.32% in the past month, falling short of the Finance sector's gain of 4.2% and the S&P 500's gain of 3.32%.
Market participants will be closely following the financial results of BlackRock in its upcoming release. The company is expected to report EPS of $9.24, up 16.52% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.66 billion, up 9.93% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $39.81 per share and a revenue of $20.06 billion, indicating changes of +5.4% and +12.34%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for BlackRock. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.46% higher. At present, BlackRock boasts a Zacks Rank of #3 (Hold).
Investors should also note BlackRock's current valuation metrics, including its Forward P/E ratio of 20.94. This indicates a premium in contrast to its industry's Forward P/E of 11.31.
It's also important to note that BLK currently trades at a PEG ratio of 1.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Financial - Investment Management industry was having an average PEG ratio of 0.89.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why BlackRock (BLK) Fell More Than Broader Market
In the latest trading session, BlackRock (BLK - Free Report) closed at $826.77, marking a -0.83% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw an increase of 0.11%.
The investment firm's stock has climbed by 2.32% in the past month, falling short of the Finance sector's gain of 4.2% and the S&P 500's gain of 3.32%.
Market participants will be closely following the financial results of BlackRock in its upcoming release. The company is expected to report EPS of $9.24, up 16.52% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.66 billion, up 9.93% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $39.81 per share and a revenue of $20.06 billion, indicating changes of +5.4% and +12.34%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for BlackRock. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.46% higher. At present, BlackRock boasts a Zacks Rank of #3 (Hold).
Investors should also note BlackRock's current valuation metrics, including its Forward P/E ratio of 20.94. This indicates a premium in contrast to its industry's Forward P/E of 11.31.
It's also important to note that BLK currently trades at a PEG ratio of 1.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Financial - Investment Management industry was having an average PEG ratio of 0.89.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.